ADANIENT::
this stock is recently broken the trendline....
to confirm clear short side wait for the price to break the support and retest of the support.
on topside if price continues by breaking the resistance at 3280, it will reach next resistance at 3380, then look for sell here, find short opportunities in this stock...end of bullishness.
this stock is trending downwards..
now the price is at support zone...
keep in short as long as price breaks this trendline...
if it failed to break the trendline it will continue its fall...
keep safe before short...
On bottom side we have a demand zone lies at 1900 levels...
look for buy ,if price comes back to the support.
on topside we have a strong resistance...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure...
A strong fall is detected, continuously from last few sessions...
Now it is near to its trendline...and a strong rise is observed previously...
if price breaks and retest look for sell...
we have a strong rally base rally is observed at 2330-2280 levels may push the price upwards..
keep look at these levels...
Price has reaced to a Monthly Supply @ 2665.00
It has to come into Monthly Demand @ 1944.00
After reacting to a Monthly Supply Price has formed a Weekly Supply which should drive the Price till the Monthly Demand
The Reward to Risk Ratio is slightly more than 3:1
Hence Short
Enjoy the Ride !!!
observations::
price is trading in a range and price broken down strongly....
price again reached the same zone...
now price is near to the resistance...
it is approaching the resistance again with strong consolidation...
which also a sign of bearishness...
on bottom side we have strong support...with demand zone...
Observations::
Drop base drop is observed
now stock price @ base, but no sign of bearishness...
after showing bearish again consolidation...
may again goes bullish or reversal we have to wait for confirmation.
If base acts as resistance price again falls.
we have demand zone @ bottom price will test that zone but not immediately...slow process is going to observe....
Observations::
-------->> the stock is trending upwards.
-------->> now price is at the zone where a strong sell off happens previously, may price again fall from this zone.
-------->> careful at this zone before going long.
--------->> we have a trendline support as well. keep track this level for further movement in the stock.
Note::
Keep on sell side from this...
Adani enterprises after breaking the support zone is going for the re-test.
Good to enter after 1 red candle from the above level (3850).
Target :- 3200
Stoploss :- 4000
Good risk to reward ratio, but only enter once it reverses from the above zone.
Trade safe. Manage risk. Be profitable.
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NSE:ADANIENT has reached out its fuel.
Every up move the volume is getting down and the size of the candle is getting smaller even after broke the all time high , still the momentum is getting lost.
What I believe the up move sustains till 2560 and then after you will see a good correction.
Still this stock is not believed in any technical analysis but those...
When it comes ADANIENT , I'm expecting a strong downtrend. Right now Price is staying near a supply Zone and we've seen multiple rejections from that area. You may short the stock when price pulls back. And don't forget to place the stop above the supply zone
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What do...
Adani Enterprises Daily chart
- Trading in the Rectangle Pattern
- Near BO
- Wait for BO & retest
- Trade possible on both side
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
ADANIENT is about to finish the X wave, once it will finished we will see new correction either in sideways or i down side. Let see how market unfold the upcomming new correction.
AdaniEnt is in strong uptrend. We have seen almost 30% move last week when it broke out from 1350 towards 1700.
At this point, there are no signs of bearishness on any timeframes. However, I see a harmonic pattern and I am explaining it below. Pl note that this is a monthly chart on the log scale.
Harmonic inherently does not support log scale therefore we...
